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Thursday, March 23, 2017

Equity Technical Update #2017 - 2
Nasdaq BX Adds Liquidity Code for Removers of Price Improving Non-Displayed Liquidity

Category:

  • System Impact

Markets Impacted:

Contact Information:

Resources:

Effective April 3, 2017, Nasdaq BX (“BX”) will add a new liquidity code on executions for orders that removed against price improving non-displayed liquidity:

Liquidity Code Description
p Removed price improving non-displayed liquidity

The new values will be available on execution messages for the following BX protocols:

  • BX OUCH
  • BX DROP
  • BX DROP to FIX
  • INET FIX for BX
  • FIX Lite for BX (Flite)
  • RASHport for BX

Please refer to the Specifications Page for more information.

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